David Einhorn Identifies Seeking Alpha Blogger

David Einhorn’s Greenlight Capital Inc. has identified the blogger who revealed its Micron Technology stake last year, before Greenlight did, and dropped its effort in court to unmask the writer.

“Greenlight has identified the anonymous blogger and has resolved the matter privately to our satisfaction,” a Greenlight spokesman said in a statement, which did not identify the blogger. He declined to comment on how Greenlight had identified the blogger and on other aspects of the case.

Greenlight had filed a petition for pre-action disclosure in February against Seeking Alpha for the name of the unidentified contributor, who posted under the handle “Valuable Insights.” In a statement Monday on Seeking Alpha, the website’s editor-in-chief Eli Hoffman wrote: “It seems they were able to contact the author, who convinced Greenlight that he had built his thesis by joining the dots on publicly available information.”

“We’re pleased this has ended,” wrote Mr. Hoffman.

Mr. Hoffman said Seeking Alpha had not disclosed the poster’s identity “formally or informally” and that the site had not struck any sort of deal with Greenlight. He said Greenlight had independently chosen to withdraw its petition. Mr. Hoffman also wrote Seeking Alpha had dealt in the past for requests to disclose anonymous contributors’ identities and had “yet to disclose author identity in any claim submitted to court.”

The blogger is an “analyst and fund manager” who focuses on technology, according to a short biography on Seekingalpha.com. Valuable Insights’s Twitter account has not been updated since Greenlight made its filing against Seeking Alpha the contributor’s name.

David Korzenick, a lawyer for Seeking Alpha, said the website would in the future “oppose efforts to obtain disclosure of anonymous posters in appropriate circumstances.”

Greenlight filed the notice of discontinuance on its petition for pre-action disclosure in a filing in New York state court Monday. Reuters earlier reported the filing.